Search found 277 matches

by spencer99
Sun Jun 18, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: When should wife take SS?
Replies: 9
Views: 1218

Re: When should wife take SS?

Peter Foley wrote:If the Op's spouse does not file and claim SS at age 62, can the OP still file a restricted application at FRA 66 and collect spousal benefits?


No
by spencer99
Sun Jun 18, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: When should wife take SS?
Replies: 9
Views: 1218

Re: When should wife take SS?

lbrowning wrote:If she does claim SS at age 62, can I just wait a year and file a restricted application for my spousal benefits when I reach FRA at 66?


Yes
by spencer99
Sun Jun 18, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 1432

Re: Deck needs replaced, what should I get?

Hi Corn18,

If you've got an hour the recent radio show linked below was interesting. Speaker was a renovation specialist and most of the discussion was about deck safety, new materials, renovation, etc.

http://www.wpr.org/shows/home-improvement-decks

s
by spencer99
Thu Jun 08, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 5850

Re: How to deal with a personal finance cynic

I do think he understands that he is responsible for his future. It is the cynicism that has set in, I feel, that is hindering him doing more than he is. I get the sense that he thinks that it is very hard for most of the common folk to move ahead in this land of opportunity. I am pretty sure that ...
by spencer99
Mon Jun 05, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Favorite Thriller Authors and Why
Replies: 54
Views: 5764

Re: Favorite Thriller Authors and Why

Dating myself because all these old masters are long gone. However ... John D. MacDonald -- for the rhythm of his prose, the characters, the Florida setting Ross MacDonald -- the intricate structure of his multi-gnerational plots Raymond Chandler -- his dialogue, prose and Southern California setti...
by spencer99
Wed May 31, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5810

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

Lots of responders mention the concern of having no reliable backup/children/family. That's a large cohort and as they age and siblings die off will get larger. This is a serious need or business opportunity, depending on your point of view. I looked into this at one time. Not as a customer, I was t...
by spencer99
Wed May 31, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5810

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

We don't currently live in a state with physician assisted dying, but the trend is in our favor that such will be in place by our actuarial appointed moment. Available or not, this doesn't address the incompetence problem. AFAIK assisted dying choices are always vetted for "sound mind" or...
by spencer99
Tue May 30, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2179

Re: When you didn't have 401(k)/403(b), did you have IRA?

OTOH, this thread has given me an idea: How about a $500 (or some other amount) "bonus" paid to each and every high school graduate when they are at least 18-years old by the Federal government, but it MUST be put into an IRA. This would be like a tax-credit that exists for college bound ...
by spencer99
Tue May 30, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: First "Big Boy" Job - Retirement Investing Advice with an IRA and 457
Replies: 6
Views: 675

Re: First "Big Boy" Job - Retirement Investing Advice with an IRA and 457

Welcome to the forum Jared, None of this falls into the category of "right or wrong" but a few thoughts. > Think about maxing the IRA and HSA and forgoing the 457 at this time. Reasoning: > If 457 expense ratios are as high as you indicate (and no employer contribution) you have better opt...
by spencer99
Mon May 29, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: help me decide of I should use this wealth manager
Replies: 17
Views: 1699

Re: help me decide of I should use this wealth manager

Thank you everyone. You saved me from making a mistake I would regret. Good advice from others to explore Vanguard PAS services until you get comfortable with this stuff (and you're in exactly the right spot to learn). I'd also check out the web site of a physician who posts here occasionally - Whi...
by spencer99
Sat May 13, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on state employee pension.
Replies: 10
Views: 1231

Re: Thoughts on state employee pension.

Just picked up a county job that has a mandatory 7% towards the pension. It is 10 years to become vested. Problem is I was not using this employment for a career path so I'm not certain I will ever be fully vested. I was pretty thrown off that it was a mandatory state retirement system, so apparent...
by spencer99
Sun May 07, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 403b / 457
Replies: 7
Views: 658

Re: Roth 403b / 457

...presently 35% marginal. At that rate, traditional is almost certainly better for you than Roth. See Traditional versus Roth - Bogleheads for more details. ESPECIALLY if your plans for financial independence in mid-fifties means not working or less work. That gives you a nice window to convert ta...
by spencer99
Fri May 05, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2179

Re: When you didn't have 401(k)/403(b), did you have IRA?

@spencer99, Thanks for the post. It made me remember something from elementary school: Other kids were buying stickers for savings bonds, but I could not because my parents wouldn't give me any money. I felt left out, so it was the social media of its day. <snip> So could Facebook, Twitter, and Ins...
by spencer99
Fri May 05, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2179

Re: When you didn't have 401(k)/403(b), did you have IRA?

I'm going to (sorta) nominate myself as more typical of a non-IRA investor than most Bogleheads. This doesn't exactly describe me now but into my fifties I was: Blue collar Low wage ( very compared to BHs) Related to above but also related to family expenses - little disposable income Uninformed I t...
by spencer99
Thu May 04, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Help Mom SS Restricted Application Ex-Spouse
Replies: 3
Views: 477

Re: Help Mom SS Restricted Application Ex-Spouse

OP, You are right. Your mother cannot apply for a restricted spousal benefit until she is FRA. If she applies before FRA she is deemed to be applying for her own benefit. Applying for her own benefit precludes delay/increase of benefit. Under certain circumstances a little may be added to her benefi...
by spencer99
Wed May 03, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 4925

Re: My dad needs my help.

[*] One thing that you haven't touched on, and could eventually be a large complicating factor, is what is happening to his RMDs? They are much larger than his income needs--approx $36K this year, vs. the $300/mo gap between SS income and expenses. OP, You haven't answered House Blend's question. T...
by spencer99
Fri Apr 28, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help picking funds for governmental 457(b) and Vanguard Roth IRA
Replies: 3
Views: 392

Re: Help picking funds for governmental 457(b) and Vanguard Roth IRA

Hi again, Back and looking for more adviceā€”I am really new to all of this, so please forgive me if I get something wrong or am not clear. I am looking for advice on what funds to invest in for governmental 457(b), and given my choices there, where I should invest my Vanguard Roth IRA. Emergency Fun...
by spencer99
Fri Apr 28, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestion
Replies: 14
Views: 870

Re: Portfolio Suggestion

1) Would you advise to roll it over to my new 401k. I'm fine with managing at Vanguard since I believe Vanguard has more choices than my employer. I'd hold off moving your IRA to your 401(k) for now. No urgency - you can always do so later if you decide that's best. More choices isn't necessarily b...
by spencer99
Fri Apr 28, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestion
Replies: 14
Views: 870

Re: Portfolio Suggestion

Duckie wrote:What is the expense ratio for the target-date fund? And what is its AA?


I mostly agree with others' suggestions that you go with the target date fund in your 401(k) but have you answered this question?

S
by spencer99
Fri Apr 28, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a good time to invest?
Replies: 10
Views: 844

Re: Is now a good time to invest?

I am rolling a 401K from a previous job to an IRA. It is around $100K. Given that the market is really up, should I stay in cash or invest? I am thinking of going for a Vanguard or BlackRock target mutual fund. Thanks. Hi Deedster, Welcome to Bogleheads. Folks on this forum say that market timing i...
by spencer99
Fri Apr 28, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Just switched to Vanguard and TOTALLY overwhelmed
Replies: 18
Views: 2277

Re: Just switched to Vanguard and TOTALLY overwhelmed

I have no idea what I should even DO with the taxable account-- honestly I don't even know WHY I have it-- obviously led astray by EJ. What is the best thing to do with that account? Thank you! My comment relates to your uncertainty about why you have a taxable account. You should have (and underst...
by spencer99
Wed Apr 26, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 14038

Re: [Advice needed for mother's inheritance/finances.]

She also has approx 500k sitting in her personal bank account. 95k mortgage left- only debt Mortgage could be paid off for a start, when she is ready, of course. ndara2017, In addition to BL's thought, check into FDIC insurance limit. Insurance typically maxes at $250,000 which is a concern if your...
by spencer99
Wed Apr 26, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 14038

Re: [Advice needed for mother's inheritance/finances.]

She also has approx 500k sitting in her personal bank account. 95k mortgage left- only debt Mortgage could be paid off for a start, when she is ready, of course. ndara2017, In addition to BL's thought, check into FDIC insurance limit. Insurance typically maxes at $250,000 which is a concern if your...
by spencer99
Tue Apr 25, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 14038

Re: Too much inheritance to handle. Advice needed

As of right now, my mom's inherited IRA is now 570k (170k rollover went through recently. The check was sent before I posted this) and there are 3 more accounts that need to be rolled over with a value of around 80k. Right now, my mom and I have decided to move her personal IRA worth around 218k to...
by spencer99
Mon Apr 24, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 14038

Re: Too much inheritance to handle. Advice needed

Ndara2017, Welcome to Bogleheads and congratulations on the direction you're taking. It will be hugely beneficial for your mother in the long run. Two comments, one question ... Comment - I second WCI's suggestion that you find a competent fee-only advisor to help extricate you from the current situ...
by spencer99
Fri Apr 14, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Best Route to Take
Replies: 30
Views: 2537

Re: What to Put into 457(b)

WhataM wrote:I wanna use a 457(b) as an emergency / retirement account. I'm not sure what I should put into it. Do I stick with the 3 portfolio (total bond index, total US index, and total world index) or do I need to use a different strategy with this account to get the most bang for my buck?


Post deleted.
by spencer99
Fri Apr 14, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth contribution more than $5500?
Replies: 5
Views: 671

Re: Backdoor Roth contribution more than $5500?

White Coat Investor addresses this in a recent blog post.

Please see http://whitecoatinvestor.com/pennies-an ... -roth-ira/

Good luck,

S
by spencer99
Wed Apr 05, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Management in preparation for retirement
Replies: 29
Views: 1984

Re: Tax Management in preparation for retirement

I did quite a bit of research trying to find some type of planner, but my problem was they were too simplified, complicated or did not fit my situation very well even though I don't consider my situation all that complex. Thus the spreadsheet approach. I have most my experience with EXCEL, but Goog...
by spencer99
Wed Apr 05, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Management in preparation for retirement
Replies: 29
Views: 1984

Re: Tax Management in preparation for retirement

You can PM me but that's a tricky question. PapaGeeks spreadsheet deals with the nonlinear Hump effect on taxes due to changing SS taxation. Perhaps try 2 or 3 iterations with that sheet each year to see how Roth conversions impact taxation of your SS... Got it. Thank you. I'll be spending some tim...
by spencer99
Wed Apr 05, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax Management in preparation for retirement
Replies: 29
Views: 1984

Re: Tax Management in preparation for retirement

Wizard (or Afull), This sounds really useful. Do you know of a template or existing model that I could start with? Thanks, S It's fairly easy and worthwhile to do it yourself. You do need basic expertise with Excel for this one page spreadsheet. ... Thank you Wizard! I can see how valuable this wil...
by spencer99
Tue Apr 04, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Management in preparation for retirement
Replies: 29
Views: 1984

Re: Tax Management in preparation for retirement

My questions: What advice can you provide for finding a good tax expert who can model the best strategy to spend from the nest egg? What is a reasonable expectation for the cost to have this done? You may or may not need an expert, but what I continue to recommend for people is to model your AGI an...
by spencer99
Fri Mar 31, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Recent Retiree with many questions
Replies: 29
Views: 4848

Re: Recent Retiree with many questions

Hi djd1950, I'm replying here mostly to bump your post as others will know lots more about this than me. That said, A few options for all-in-one funds: Vanguard Life Strategy Funds are low cost diversified fixed asset allocation options. You pick the one that matches your risk tolerance. Reference: ...
by spencer99
Thu Mar 30, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Recent Retiree with many questions
Replies: 29
Views: 4848

Re: Recent Retiree with many questions

Hi '1950, Welcome to the forum. A few thoughts ... > You say your 401(k) is mostly equity. Pretty risky. One rule of thumb heard around here is - be prepared to lose 50% of your equity investment in a 2008-style downturn. Give serious thought to your risk tolerance. A good framework is Larry Swedroe...
by spencer99
Wed Mar 29, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 21
Views: 1027

Re: Question re 403b with TIAA-CREF

I am not clear whether I have access to the full range of TIAA-CREF products in the 403b -- something I need to clarify with my employer. But I cannot seem to find their S&P index fund with a 0.05% expense ratio. TRSPX (TIAA-CREF S&P 500 Index Fund (Retirement)) lists an expense of 0.30%. S...
by spencer99
Wed Mar 29, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 21
Views: 1027

Re: Question re 403b with TIAA-CREF

I work at a university. My spouse and I are already maxing out our IRAs, health savings accounts, and my 401a plan (TIAA-CREF). One of us received an inheritance in a taxable account. We won't be ready to spend the money for several decades. This has made us think about opening a 403b through my em...
by spencer99
Wed Mar 22, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal benefit for 65 year old divorcee
Replies: 11
Views: 1123

Re: Spousal benefit for 65 year old divorcee

In person certainly helped. I had a summary sheet listing all pertinent dates, names and SS #s. When I applied for my benefit 3 months prior to FRA, I had the certified copies of marriage and divorce with me as well. The SS rep I dealt with knew exactly what I wanted and it went smoothly, so perhap...
by spencer99
Wed Mar 22, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal benefit for 65 year old divorcee
Replies: 11
Views: 1123

Re: Spousal benefit for 65 year old divorcee

With respect to Elisa's comment that SS will not share information, if one's choice was somewhat predicated upon the amount of the restricted spousal benefit, how does one make an informed decision? They DO share information. I'm a qualified divorced spouse as well. I went in a year prior to FRA, g...
by spencer99
Wed Mar 22, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal benefit for 65 year old divorcee
Replies: 11
Views: 1123

Re: Spousal benefit for 65 year old divorcee

My Full Retirement Age (FRA) is August 2017 when I will be 66. I had planned to file a restricted application for Spousal Insurance Benefit (SIB) and to let my own record accrue Delayed Retirement Credits (DRC) until age 70. <...> I am not in touch with my former spouse, do not know if he is collec...
by spencer99
Tue Mar 21, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 2100

Re: Social Security Scenario

My husband and I are now looking to retire early, we do not have to take social security right away and we want time to do Roth conversions. Wife (me) is now 55, FRA is 67, PIA is $27,384 Husband is now 61, FRA is 66, PIA is $30,900 My husband waits to take his Social Secuirty at 70, at which time ...
by spencer99
Sat Mar 18, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Feedback - Young College Professor
Replies: 10
Views: 1013

Re: Portfolio Feedback - Young College Professor

College Prof, Below is profoundly good advice. The psychic strain of tinkering to find just the right sector fund(s) to allocate 5% will be both draining/distracting and almost certainly unproductive. The three-fund portfolio will achieve your objective with the least distraction to the most rewardi...
by spencer99
Sat Mar 18, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Sorting through 403b/457 options...
Replies: 20
Views: 1192

Re: Sorting through 403b/457 options...

I second Mudpuppy's suggestion to go with Fidelity. I believe you can implement as good a three-fund portfolio at Fidelity as you can at Vanguard. I used the three funds Mudpuppy suggested in my 403(b) while employed and have retained the investments in retirement. Fidelity's fees seem lower, so if ...
by spencer99
Sat Mar 18, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4584

Re: Divesting to heirs. When and how quickly.

I would advise considering a trust, or perhaps four trusts. The specifics of a trust could be worked out with an attorney who specializes in estate planning and trusts. My concern is the age range of your children and the fact that we know nothing of their personalities. I hope bsteiner picks up on...
by spencer99
Fri Mar 17, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2556

Re: Can I minimize the Tax Torpedo and future Medicare costs?

Hi Zag, Welcome to the forum. Although my $$ are much less than yours, with pension + delayed SS + RMDs, I've given some thought to how the questions you pose play out at age 70. A few thoughts: I'm reconciled to 85% of SS being taxed. Pensions do that and I can't see a way around it. IRMAA (Income-...
by spencer99
Thu Mar 16, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Request; Post-Retirement Plan Critique
Replies: 25
Views: 2195

Re: 1st Request; Post-Requirement Plan Critique

Re: SS - It was an easy decision for me to wait until FRA based on the 7-8% return. Delaying further until age 70 seems to me to be a major decision which I'm unsure I would consider right now. My reasoning at this point: 1) Given the size of our combined portfolios, I don't see either of us outliv...
by spencer99
Fri Mar 10, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: About to retire and need to realize 5%/year to live on.
Replies: 71
Views: 7634

Re: About to retire and need to realize 5%/year to live on.

I am new to this forum, and not a savvy investor. I am about to retire (1 month) and my strategy is to take the lump sum (~$2M) to invest and live off the interest, while preserving the principal to pass onto my heirs. I'm 61.5 years old. Any advice as to how I can get this accomplished, without pa...
by spencer99
Tue Mar 07, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 Split of Inheritance for Brothers in 28% and 10% Bracket
Replies: 22
Views: 1482

Re: 50/50 Split of Inheritance for Brothers in 28% and 10% Bracket

I agree with other posters that anything other than a 50:50 split presents legal and emotional complications. However...however, I read the OP as asking if something else is possible/advisable if both parties are in agreement that the arrangement is mutually beneficial. Assuming SB1 is much better o...
by spencer99
Mon Mar 06, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: a few questions for a rookie,,,thx
Replies: 16
Views: 1138

Re: a few questions for a rookie,,,thx

ok both my 401 and hers are employer based...hers is in an Openheimer Conservative Investor Fund ( OACIX)....mine is T Rowe Price Retirement 2050 ADV... Ok, while consolidating at one custodian is a good idea you are probably going to need to wait to move these funds until after retirement My Roth ...
by spencer99
Mon Mar 06, 2017 12:23 am
Forum: Investing - Help with Personal Investments
Topic: a few questions for a rookie,,,thx
Replies: 16
Views: 1138

Re: a few questions for a rookie,,,thx

I always thought annuity's were risky Not necessarily and loaded with fees? Frequently Also if I cashed out the 2 ira's I'd get killed with tax,right? Advice around here will not be to cash out IRAs. Keep them tax advantaged. Rolling over your IRAs, to Vanguard for example, will not involve tax exp...
by spencer99
Mon Mar 06, 2017 12:11 am
Forum: Investing - Help with Personal Investments
Topic: a few questions for a rookie,,,thx
Replies: 16
Views: 1138

Re: a few questions for a rookie,,,thx

wife and I are 60 yrs old, no debt, no kids, both have IRA's, and Roth IRA;s...total 500k plus another 500k in cd/money market at 2% ( yea I know ) own our own home,,,will have a pension that will be about 45k a year...live a very simple life,,,nothing fancy, small house, basic cars,,,etc... The IR...
by spencer99
Sat Mar 04, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice for a beginner investor
Replies: 5
Views: 506

Re: Need advice for a beginner investor

I'm just beginning to learn about investing a little late in the game. I'm in my 40s. Any words of wisdom and advice? I want something like a mutual fund portfolio that I don't have to think much about so I'm leaning towards either a target retirement fund at Vanguard or their life strategy funds. ...

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